USD Partners LP (USDP) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
Beta 0.65: the stock has moved about 35% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerUSD Partners LP (USDP) trades at $0.0002. USD Partners LP specializes in midstream infrastructure and logistics for crude oil, biofuels, and other energy-related products across the United States and Canada. Sector: Industrials.
Price as of Sep 10, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for USDP: USDP does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates USDP against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
Dated analysis: the newest financial statements on file are 20 months old (Dec 31, 2024), so the figures and score below describe that period, not today.
No score published: we hold no usable price for this ticker, and a grade beside a missing price says nothing.
USDP: 1/2 scored disciplines lean bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
USD Partners LP (USDP) Industrial Operations Profile
USD Partners LP provides midstream infrastructure and logistics solutions for energy-related products, primarily crude oil and biofuels, in the U.S. and Canada. The company operates terminalling services and fleet services, leveraging rail transportation for efficient product delivery, but faces challenges typical of the cyclical energy sector and OTC market.
What Is the Investment Thesis for USDP?
USD Partners LP presents a focused play on midstream energy infrastructure, specifically rail-based logistics for crude oil and biofuels. The company's strategic terminal assets, such as the Hardisty and Stroud terminals, provide critical infrastructure for transporting energy products. However, with a market cap of $0.00B and negative free cash flow, the company faces financial challenges. The absence of dividends may deter some investors. A key value driver is the continued demand for rail transportation of crude oil and biofuels, particularly from Canada. The company's beta of 0.65 suggests lower volatility compared to the broader market. Investors should closely monitor the company's ability to improve its financial performance and capitalize on growth opportunities in the renewable energy sector.
Based on FMP financials and quantitative analysis
USDP Key Highlights
Operates in the midstream energy sector, providing essential infrastructure for crude oil and biofuel transportation.
- Terminalling Services segment includes strategically located terminals like Hardisty and Stroud, facilitating rail-to-pipeline and origination services.
- Fleet Services segment manages a fleet of 200 railcars, offering transportation solutions for liquid hydrocarbons.
- Gross Margin of 57.1% indicates strong potential profitability from its operations.
- Trades on the OTC market, which may present liquidity and transparency considerations.
Who Are USDP's Competitors?
USDP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| NS NuStar Energy L.P. | $21.96 | -1.83% | $2.78B | — |
| UNP Union Pacific Corporation | $284.48 | -0.45% | $169B | 785-pillar |
| CP Canadian Pacific Kansas City Ltd. | $88.84 | -1.37% | $78.1B | 665-pillar |
| RVSN Rail Vision Ltd. | $3.89 | -0.51% | $7.02M | — |
| KIQ Kelso Technologies Inc. | $0.14 | +3.85% | $10.9M | — |
| RAIL FreightCar America, Inc. | $6.66 | -1.19% | $218M | 345-pillar |
| GRPOF Grupo Traxión, S.A.B. de C.V. | $0.69 | 0.00% | $385M | 499-signal |
| FSTR L.B. Foster Company | $37.39 | -1.27% | $391M | 715-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are USDP's Key Strengths?
Strategic terminal locations in key energy markets.
- Long-term contracts provide stable revenue streams.
- Expertise in rail-based logistics for energy products.
- Fleet of 200 railcars dedicated to liquid hydrocarbon transportation.
What Are USDP's Weaknesses?
Small market capitalization may limit access to capital.
- Negative free cash flow indicates financial challenges.
- Reliance on the cyclical energy sector.
- Trades on the OTC market, which may present liquidity concerns.
What Could Drive USDP Stock Higher?
Potential expansion of terminalling services to accommodate growing energy production.
- Increased fleet utilization to drive revenue growth.
- Capitalizing on the growing demand for renewable energy transportation.
- Forming strategic partnerships to enhance market position.
What Are the Key Risks for USDP?
Financial-distress signal — its Altman Z-Score of -3.80 sits in the distress zone (elevated bankruptcy risk).
- Inconsistent delivery — missed Wall Street EPS estimates in 5 of the last 8 reported quarters.
- Fluctuations in energy prices can impact demand for transportation services.
- Regulatory changes in the energy sector.
- Competition from other transportation modes, such as pipelines.
- Environmental concerns and opposition to fossil fuel transportation.
- Risks associated with operating in the OTC market, including limited liquidity and transparency.
What Are the Growth Opportunities for USDP?
- Expansion of Terminalling Services: USD Partners can expand its terminalling services by developing or acquiring additional terminals in strategic locations. This includes increasing capacity at existing terminals like Hardisty and Stroud to accommodate growing demand for crude oil and biofuel transportation. The market for terminal services is driven by increasing energy production and the need for efficient transportation infrastructure, presenting a significant growth opportunity for USDP.
- Increased Fleet Utilization: Improving the utilization rate of its railcar fleet can drive revenue growth for USD Partners. This involves securing long-term contracts with customers and optimizing the deployment of railcars to meet transportation demand. The market for railcar leasing is influenced by factors such as freight volumes, railcar availability, and lease rates, offering opportunities for USDP to enhance its fleet services segment.
- Renewable Energy Transportation: USD Partners can capitalize on the growing demand for renewable energy by expanding its services to transport biofuels and other renewable energy products. This includes leveraging its existing terminal infrastructure and railcar fleet to handle the transportation of ethanol, renewable diesel, and other biofuels. The renewable energy market is driven by government mandates, environmental concerns, and technological advancements, presenting a significant growth opportunity for USDP.
- Strategic Partnerships: Forming strategic partnerships with other companies in the energy sector can enhance USD Partners' market position and expand its service offerings. This includes partnering with pipeline operators, refineries, and energy producers to provide integrated transportation and logistics solutions. Strategic partnerships can provide access to new markets, technologies, and capital, supporting USDP's growth initiatives.
- Geographic Expansion: USD Partners can expand its geographic footprint by acquiring or developing assets in new regions. This includes targeting areas with growing energy production or demand, such as the Permian Basin or the Gulf Coast. Geographic expansion can diversify USDP's revenue streams and reduce its reliance on specific markets, enhancing its long-term growth prospects.
What Are USDP's Competitive Advantages?
- Strategic terminal locations provide a competitive advantage in key energy markets.
- Long-term contracts with customers ensure stable revenue streams.
- Specialized expertise in rail-based logistics for energy products.
- Limited competition in certain niche markets, such as rail-to-pipeline shipments.
What Does USDP Do?
USD Partners LP, incorporated in 2014 and headquartered in Houston, Texas, is a limited partnership focused on acquiring, developing, and operating midstream infrastructure assets and providing logistics solutions for crude oil, biofuels, and other energy-related products. The company's operations span the United States and Canada, catering to the transportation and handling needs of the energy sector. USD Partners operates through two primary segments: Terminalling Services and Fleet Services. The Terminalling Services segment focuses on owning and operating strategic terminals. These include the Hardisty terminal in Canada, which serves as an origination point for loading various grades of Canadian crude oil onto railcars. The Stroud terminal in Cushing, Oklahoma, facilitates rail-to-pipeline shipments of crude oil, acting as a crucial destination terminal. The West Colton Terminal in California handles the transloading of ethanol and renewable diesel from railcars to trucks, processing approximately 13,000 barrels per day. These terminals are strategically located to optimize the movement of energy products. The Fleet Services segment provides leased railcars and related services for transporting liquid hydrocarbons. This segment operates a fleet of 200 railcars, offering comprehensive transportation solutions to its customers. USD Partners GP LLC acts as the general partner of the company, overseeing its operations and strategic direction. The company's focus on rail-based logistics aims to provide efficient and reliable transportation options for its customers in the energy sector.
What Products and Services Does USDP Offer?
- Acquires and develops midstream infrastructure assets.
- Operates logistics solutions for crude oil, biofuels, and other energy-related products.
- Provides terminalling services for loading and unloading crude oil and biofuels onto railcars.
- Facilitates rail-to-pipeline shipments of crude oil.
- Transloads ethanol and renewable diesel from railcars to trucks.
- Leases railcars and provides fleet services for transporting liquid hydrocarbons.
How Does USDP Make Money?
- Generates revenue from terminalling services, including fees for loading, unloading, and storing energy products.
- Earns revenue from fleet services, including lease payments for railcars and related services.
- Operates under long-term contracts with customers, providing stable and predictable revenue streams.
- Focuses on strategic terminal locations and rail-based logistics to optimize transportation efficiency.
What Industry Does USDP Operate In?
USD Partners LP operates within the midstream energy sector, which involves the transportation, storage, and processing of crude oil, natural gas, and refined products. The industry is influenced by factors such as energy demand, production levels, and infrastructure capacity. The competitive landscape includes major pipeline operators, terminal service providers, and rail transportation companies. USD Partners focuses on rail-based logistics, offering an alternative to pipelines, particularly for transporting crude oil from regions with limited pipeline access. The company's success depends on its ability to maintain and expand its terminal assets and railcar fleet, while adapting to changing energy market dynamics and regulatory requirements.
Who Are USDP's Key Customers?
- Crude oil producers and refiners
- Biofuel producers and distributors
- Energy companies requiring transportation and storage solutions
- Companies involved in rail-to-pipeline shipments
- Customers needing railcar leasing and fleet management services
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 619 days ago
- ● No analyst coverage
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 43 |
| 2026-08-26 | 43 |
| 2026-08-29 | 43 |
| 2026-09-01 | 43 |
| 2026-09-04 | 43 |
| 2026-09-07 | 43 |
| 2026-09-10 | 43 |
What changed?
The score has stayed at 43.
Over the same 18 days the stock moved +0.0%.
Earnings Track Record
USD Partners LP has missed Wall Street's EPS estimate in 5 of its last 8 reported quarters — a mixed record worth weighing. Reported results have landed about 45.6% above estimates on average.
Financial Health
USD Partners LP's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -3.80 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on equity for USD Partners LP stands at 43.7%, a gauge of how efficiently it converts shareholder capital into profit. A current ratio of 0.26 means current liabilities exceed short-term assets, a liquidity point worth watching.
USDP Revenue & Earnings Trend
In Q4 FY2024, USDP generated $8.1M in top-line revenue, marking a sequential decrease of 10.9%. The company recorded a net loss of $1.6M, with diluted EPS of $-0.05. Quarter-over-quarter revenue has been mixed, typical for a unknown company operating in Industrials. Across the four most recent quarters, USDP averaged $-0.39 in diluted EPS.
Company Profile
USD Partners LP operates in the Railroads industry within the Industrials sector. It is headquartered in Houston, US. The company is led by CEO Daniel K. Borgen. USDP has traded publicly since 2014.
USDP Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Strategic terminal locations in key energy markets.
- Long-term contracts provide stable revenue streams.
- Expertise in rail-based logistics for energy products.
- Fleet of 200 railcars dedicated to liquid hydrocarbon transportation.
Bear Case
- Small market capitalization may limit access to capital.
- Negative free cash flow indicates financial challenges.
- Reliance on the cyclical energy sector.
- Trades on the OTC market, which may present liquidity concerns.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 FY2024 | $8M | -$2M | -$0.05 |
| Q3 FY2024 | $9M | -$13M | -$0.39 |
| Q2 FY2024 | $9M | -$29M | -$0.85 |
| Q1 FY2024 | $10M | -$9M | -$0.26 |
Q4 FY2024 · filed 31 Dec 2024 · SEC EDGAR →
Based on FMP financials and quantitative analysis
USDP Latest News
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Responding to Performance Concerns: Green Plains Partners Manages Decreased Earnings and Adjusts Dividends
benzinga · Nov 10, 2023
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benzinga · Aug 30, 2023
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Stocks That Hit 52-Week Lows On Thursday
benzinga · Jun 1, 2023
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Stocks That Hit 52-Week Lows On Wednesday
benzinga · May 24, 2023
USDP Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for USDP.
Price Targets
Wall Street price target analysis for USDP.
USDP MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for USDP; grades run from A+ (80-100) to F (below 30).
Latest News
Responding to Performance Concerns: Green Plains Partners Manages Decreased Earnings and Adjusts Dividends
Stocks That Hit 52-Week Lows On Wednesday
Stocks That Hit 52-Week Lows On Thursday
Stocks That Hit 52-Week Lows On Wednesday
USDP OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that USD Partners LP may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, making it more difficult for investors to assess their financial health and performance compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries higher risks due to the lack of regulatory oversight and transparency.
- OTC Tier: OTC Other
- Limited financial disclosure increases information asymmetry.
- Lower trading volume can lead to price volatility.
- OTC listing may result in less regulatory oversight.
- The company's financial stability may be uncertain due to limited information.
- Potential for fraud or manipulation is higher on the OTC market.
- Verify the company's registration and legal status.
- Obtain and review any available financial statements.
- Assess the company's management team and their track record.
- Research the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before investing.
- Check for any regulatory actions or legal proceedings against the company.
- Established business operations in the midstream energy sector.
- Existing terminal infrastructure and railcar fleet.
- Focus on long-term contracts with customers.
- Presence in the United States and Canada.
- Operations since 2014.
Common Questions About USDP (Industrials)
Is USDP a good stock?
Stock Expert AI does not rate USDP buy, sell or hold. USD Partners LP has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What do analysts say about USDP stock?
As of 2026-03-16, formal analyst ratings for USD Partners LP (USDP) are limited, likely due to its OTC listing and smaller market capitalization.
What are the key factors to evaluate for USDP?
Evaluate USDP on fundamentals, analyst consensus, and risk factors. However, with a market cap of $0.00B and negative free cash flow, the company faces financial challenges. Not financial advice.
How frequently does USDP data refresh on this page?
USDP's price was last updated on Sep 10, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven USDP's recent stock price performance?
USD Partners LP (USDP) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strategic terminal locations in key energy markets. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider USDP overvalued or undervalued right now?
USD Partners LP (USDP) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of USDP?
Yes, most major brokerages offer fractional shares of USD Partners LP (USDP) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track USDP's earnings and financial reports?
USD Partners LP (USDP) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for USDP earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the provided information and may be limited.
- OTC market information is subject to change and may not be readily available.